Stifel Financial Corporation $SF Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. grew its stake in shares of Stifel Financial Corporation (NYSE:SF) by 57.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,012 shares of the financial services provider’s stock after buying an additional 7,654 shares during the period. QRG Capital Management Inc.’s holdings in Stifel Financial were worth $1,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SF. Advisory Services Network LLC purchased a new position in Stifel Financial in the 3rd quarter valued at about $29,000. Activest Wealth Management raised its position in shares of Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after buying an additional 240 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stifel Financial in the fourth quarter valued at approximately $34,000. Cullen Frost Bankers Inc. purchased a new position in shares of Stifel Financial during the fourth quarter valued at approximately $50,000. Finally, BOKF NA lifted its stake in shares of Stifel Financial by 1,626.9% during the third quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after buying an additional 423 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Trading Down 0.1%

Shares of SF opened at $74.99 on Wednesday. Stifel Financial Corporation has a twelve month low of $67.81 and a twelve month high of $89.83. The firm has a market capitalization of $11.50 billion, a P/E ratio of 14.59 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $73.15 and its 200 day simple moving average is $77.47.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, equities research analysts forecast that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.34 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.36 annualized dividend and a yield of 1.8%. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

Analyst Ratings Changes

Several analysts have commented on SF shares. TD Cowen lowered their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, UBS Group dropped their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Stifel Financial has a consensus rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.